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Japan Inflation At New Low Since War On Falling Prices Began - Yahoo News

That, in turn, would lead to a boost in spending and price hikes, Kuroda said. Still, the data on Friday were certain to boost speculation that the BoJ will be forced to expand its monetary easing campaign sooner than later to counter the downturn. "Currently, 80 percent of private-sector economists expect additional easing by the end of the year," SMBC Nikko Securities said in a note. "We expect additional easing will come in late April." The inflation data were among a mixed bag of figures published Friday click here including a better-than-expected expansion in factory activity, but analysts warned that the uptick was likely to fizzle in the coming months. Separately, the internal affairs ministry said household spending fell a greater-than-expected 5.1 percent from a year ago, as the sales tax hike to 8.0 percent from 5.0 percent weighed clicking here on shopping nationwide. The jobless rate last month ticked up to 3.6 percent from 3.4 percent in December. Following the levy rise in April, Japan's economy fell into recession, prompting Abe to put off a second sales tax hike this year, which was aimed at taming Japan's enormous national debt. Japan limped out of recession in the last quarter of 2014, with a weak 0.6 percent expansion between October and December. But over the full year the preliminary data showed zero growth. Read more: http://news.yahoo.com/japan-inflation-lowest-since-war-falling-prices-began-030211000--finance.html